Accelerant Holdings (NYSE:ARX – Get Free Report) CEO Jeffrey Radke sold 80,000 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $12.09, for a total transaction of $967,200.00. Following the transaction, the chief executive officer owned 27,591,939 shares in the company, valued at approximately $333,586,542.51. This represents a 0.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Accelerant Stock Up 3.9%
Shares of NYSE:ARX traded up $0.47 during midday trading on Tuesday, hitting $12.51. 1,282,591 shares of the stock were exchanged, compared to its average volume of 1,536,920. The company has a market capitalization of $2.73 billion and a PE ratio of -1.79. Accelerant Holdings has a 52-week low of $9.18 and a 52-week high of $30.48. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.61 and a current ratio of 1.61. The business’s fifty day simple moving average is $13.25 and its two-hundred day simple moving average is $13.13.
Accelerant (NYSE:ARX – Get Free Report) last issued its earnings results on Wednesday, May 13th. The technology company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. Accelerant had a positive return on equity of 49.99% and a negative net margin of 135.47%.The firm had revenue of $273.20 million for the quarter. The business’s quarterly revenue was up 53.5% compared to the same quarter last year. As a group, research analysts predict that Accelerant Holdings will post 0.73 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Analysts Set New Price Targets
ARX has been the subject of several recent research reports. Morgan Stanley lowered their price target on Accelerant from $16.00 to $14.00 and set an “equal weight” rating for the company in a research note on Monday, July 6th. Raymond James Financial lifted their target price on shares of Accelerant from $16.00 to $19.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. Citizens Jmp decreased their target price on shares of Accelerant from $20.00 to $17.00 and set a “market outperform” rating for the company in a research report on Monday, April 13th. Weiss Ratings upgraded shares of Accelerant from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, August 4th. Finally, Piper Sandler increased their price target on shares of Accelerant from $18.00 to $19.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Ten equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $18.60.
Read Our Latest Research Report on Accelerant
About Accelerant
Aeroflex Holding Corp. (Aeroflex Holding) is a provider of radio frequency (RF) and microwave integrated circuits, components and systems used in the design, development and maintenance of wireless communication systems. The Company’s solutions include microelectronic components and test and measurement equipment used by companies in the space, avionics and defense; commercial wireless communications, and medical and other markets. Its products include a range of RF, microwave and millimeter wave microelectronic components, integrated circuits (ICs), and analog and mixed-signal devices.
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